CTL Strategies ranked in Chambers Global Guide 2024
CTL Strategies has been ranked in the Chambers Global Guide 2024, published by Chambers and Partners.
The new edition of the Global Guide highlighted CTL for its considerable market respect in tax matters, and demonstrating strength in litigation and corporate services. Among responses received from interviewees, Chamber and Partners quoted that the firm is “able to handle complex matters and provide unbiased legal advice.”
Chambers and Partners is an independent research firm that operates in 200 jurisdictions and is commonly referred to as the “gold standard” in the legal profession. Chambers and Partners publishes rankings and information on the world’s top lawyers and law firms. In-depth interviews with lawyers, in-house counsel for clients, and independent experts were used to compile the rankings.
Sixth Amendment to the Income Tax Regulation
The Sixth Amendment to the Income Tax Regulation introduces a number of significant changes to the Maldives income tax framework.
Our Client Advisory on the Sixth Amendment to the Income Tax Regulation provides an overview of the principal changes and their practical implications, including the new lease treatment and transitional adjustment, revised capital allowance rate for buildings of specified tourist establishments, EWT treatment of staff accommodation, functional currency determination, cash-basis accounting and filing thresholds, changes to the audit report and consolidated financial statement requirements, and other registration and compliance changes.
DownloadA Practical Guide to GST on Inbound Tourism Products
The Eighth Amendment to the Goods and Services Tax Act (the “Amendment”) introduces a new GST framework for offshore suppliers of inbound tourism products, including foreign tour operators, online travel agencies and booking platforms.
The new rules, effective from 1 October 2026, introduce mandatory GST registration for qualifying offshore suppliers and a special margin-based mechanism for determining the taxable value of inbound tourism products.
Our Practical Guide to GST on Inbound Tourism Products provides an overview of who the new rules apply to, registration requirements, the applicable GST treatment, principal and agent arrangements, the margin-based valuation mechanism, time of supply and key compliance considerations for affected foreign businesses.
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